Rahr Foundation
- Assets
- $3.7m
- Revenue
- $351.8k
- Investments
- $3.6m
- Employees
- 0
- Location
- Shakopee, MN
- Founding
- 06/1944
- Data as of
- 12/2022
- EIN
- 39-6046046
The information for Rahr Foundation is as of the organization's most recent filing in December 2020. This organization is located in Shakopee, MN. It has been in existence for 76 years, following its founding in 1944.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Rahr Foundation's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset has a single year of grant history for the Rahr Foundation. In that year, they have awarded fifty grants, with an average check size of $10,900. The organization has awarded grants in the Animal-Related, Education, and Environment sectors. Additionally, the organization most frequently awards grants in the states of Minnesota (24) and DC (4).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn T Tech Administrator And Secretar | 8 | $9,600 | |
William T Rahr Treasurer | 1 | $0 | |
Heidi R Faris Vice President | 1 | $0 | |
Libby Jennings President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $112,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,597 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $189,745 |
| Capital Gain Net Income | $189,745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $351,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,459 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $65,313 |
| Contributions, gifts, grants paid | $312,500 |
| Total expenses and disbursements | $377,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,343 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,644,328 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,235 |
| Total assets | $3,682,906 |
| Accounts payable and accrued expenses | $848 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $848 |
Grants Awarded
Over the last fiscal year, Rahr Foundation has awarded $312,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA TROUT UNLIMITED PURPOSE: OPERATING | $30,000 |
MINNEAPOLIS INSTITUTE OF ARTS PURPOSE: OPERATING | $20,000 |
RESILIENT NEIGHBORHOODS PURPOSE: OPERATING | $20,000 |
AMERICAN RIVERS THRIVING PURPOSE: OPERATING | $15,000 |
MINNESOTA LAND TRUST PURPOSE: OPERATING | $15,000 |
ENVIRONMENTAL DEFENSE PURPOSE: OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |